For the media

Gasum Group interim report for January 1 to June 30, 2015 was published

Jaa:

GASUM GROUP INTERIM REPORT FOR JANUARY 1 to JUNE 30, 2015:

Revenue for the period under review totaled €520 million (Q2 2014: €568 million).

Natural gas sales totaled 14 TWh, down 11% on the corresponding period a year earlier (Q2 2014: 16 TWh).

LNG deliveries totaled 194,700 tonnes, up 54% year-on-year.

Operating profit for the period under review was €133 million (Q2 2014: €34 million).

GASUM CEO JOHANNA LAMMINEN COMMENTS ON THE FIRST HALF OF THE YEAR:

"We made good progress in the implementation of our strategy in the first half of 2015. Our biogas and LNG businesses gained new customers and developed their supply chains in response to the increasing demand. Our LNG business has signed agreements on two new carriers ensuring the import of LNG to Nordic customers, including in difficult ice conditions. As part of our strategy focusing on the development of the Nordic gas market and energy infrastructure through environmentally friendly solutions, we sold our subsidiaries operating in the local networks, Gasum Paikallisjakelu Oy and Helsingin Kaupunkikaasu Oy. Gas customers’ supply contracts remain with Gasum although the ownership of the distribution network was transferred outside the Gasum Group.

At Gasum we are also pleased with the policies included in the new Government Programme calling for tax steering toward low-emission energy sources and giving up coal in energy production in the 2020s. It is excellent that the opportunities provided by biogas production and technology development for increases in the use of emission-free, renewable energy are taken into account in the Government Programme. Biogas will also play an important role in raising the share of renewable transport fuels to 40% by 2013 in accordance with the target set in the Government Programme.